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ashleydeui
New Member

Monthly Rent

I live with my boyfriend and we split the cost of the mortgage and bills but my name isnt on the house or bills or anything so what should i put for monthly rent?

2 Replies
xmasbaby0
Level 15

Monthly Rent

RENT

There is not a rent deduction or credit on your Federal return.  If your state has anything for renters you will be prompted to enter your rent info when you complete your state return.  As far as I know, the states that have anything for rent are Arizona, California, Connecticut, Hawaii, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, Rhode Island, Vermont, and Wisconsin.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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xmasbaby0
Level 15

Monthly Rent

And... if you are entering your monthly "rent" on a state return, your BF has to claim the rental income he is receiving on his own tax returns--federal and state.   Your arrangement sounds more like cost-sharing than a rental situation, no?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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